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February 27, 2006
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Avon calling
The seedy underbelly of globalisation is again exposed. China has granted permission for Avon to recommence direct-selling of its products as part of its market access agreements for joining the WTO. Encyclopedias, life insurers and vacuum cleaner shares all jumped at the news. So did shares in companies selling Mace and flame throwers. posted by Simon on 02.27.06 at 04:48 PM in the China economy category.
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Comments:
We were not as clever as you, but we also noticed the approval granted to Avon. This is about the only good news that Avon has gotten lately (as they begin a $500 million restructuring).... Keep up the good work, we read regularly. posted by: Jason on 02.28.06 at 02:12 PM [permalink] |
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